Solved

While Contract Law Normally Requires That the Parties Provide Consideration

Question 67

Essay

While contract law normally requires that the parties provide consideration in order to render an agreement enforceable,the law is less concerned about the adequacy of the consideration provided by each party.What is the rationale for each of these seemingly conflicting principles?

Correct Answer:

verifed

Verified

The requirement of consideration reflect...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q62: Vague commitments involving commercial exchange between parties

Q63: On Tuesday,Jatelle offered to sell one of

Q64: What distinguishes the lapse of an offer

Q65: Gandrel received an offer to purchase on

Q66: Boyd wanted to buy a 1967 Mustang

Q68: How do the courts get around the

Q69: The courts have applied the postbox rule

Q70: Revocation may be communicated through a reliable

Q71: Once made,an offer cannot be revoked.

Q72: Which of the following is an example